DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the Revenue is dismissed

sections": [ "147", "148", "69A", "132", "133(6)", "131", "292C", "68", "69C", "115JB", "139(1)" ], "issues": "Whether additions made by the AO on account

DCIT, CENTRAL CIRCLE- 4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the Revenue is dismissed

68 additions were not sustainable.", "result": "Allowed", "sections": [ "69A", "147", "148", "143(3)", "132", "292C", "68", "133(6)", "131", "69C", "36(1)" ], "issues

CHAINROOP BOHRA.,KOLKATA vs. DCIT CC - XXVII/CAL., KOLKATA

In the result, all these four appeals of the assessees are allowed

Bench: Shri P.M. Jagtap & Shri S.S. Viswanethra Ravi

section 292C, the first presumption is that the said seized papers I.T.A. No. 24/KOL./2013, ITA No. 26/KOL/2012 Assessment year: 2005-2006 Page 8 of 14 belong to Shri Shyamsukha and the noting made on these papers are true. However, on the basis of this presumption, it cannot be concluded that the transactions of shares noted on these papers

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND SPONGE AND IRON PRIVATE LIMITED, PATNA

The appeal of the revenue is dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

292C of the Act is rebuttable when the assessee proved that he has not done any such transactions even in respect of such transaction as were contained in the loose paper which were found during the course of search. This was held by the Hon'ble Delhi High Court in case of PCIT Vs. Delco India (P.) ltd. reported

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the revenue is dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

292C of the Act is rebuttable when the assessee proved that he has not done any such transactions even in respect of such transaction as were contained in the loose paper which were found during the course of search. This was held by the Hon'ble Delhi High Court in case of PCIT Vs. Delco India (P.) ltd. reported

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the revenue is dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

292C of the Act is rebuttable when the assessee proved that he has not done any such transactions even in respect of such transaction as were contained in the loose paper which were found during the course of search. This was held by the Hon'ble Delhi High Court in case of PCIT Vs. Delco India (P.) ltd. reported

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED , KOLKATA

The appeal of the revenue is dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

292C of the Act is rebuttable when the assessee proved that he has not done any such transactions even in respect of such transaction as were contained in the loose paper which were found during the course of search. This was held by the Hon'ble Delhi High Court in case of PCIT Vs. Delco India (P.) ltd. reported

GOPAL & SONS HUF,KOLKATA vs. I.T.O., WARD - 32(1), KOLKATA, KOLKATA

The appeal of the revenue is dismissed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm

292C of the Act is rebuttable when the assessee proved that he has not done any such transactions even in respect of such transaction as were contained in the loose paper which were found during the course of search. This was held by the Hon'ble Delhi High Court in case of PCIT Vs. Delco India (P.) ltd. reported

DCIT CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND LEASE FIN PRIVATE LIMITED, PATNA

The appeal of the Revenue is dismissed

292C of the Act is rebuttable when the assessee\nproved that he has not done any such transactions even in respect of\nsuch transaction as were contained in the loose paper which were\nfound during the course of search. This was held by the Hon'ble Delhi\nHigh Court in case of PCIT Vs. Delco India (P.) Itd. reported

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND CEMENT & ROOFINGS PRIVATE LIMITED, KOLKATA

The appeal of the Revenue is dismissed

292C of the Act is rebuttable when the assessee\nproved that he has not done any such transactions even in respect of\nsuch transaction as were contained in the loose paper which were\nfound during the course of search. This was held by the Hon'ble Delhi\nHigh Court in case of PCIT Vs. Delco India (P.) Itd. reported

BALMUKUND CEMENT & ROOFINGS PVT. LTD.,,KOLKATA vs. DCIT, CENTRAL CIRCLE 4(3),, KOLKATA

The appeal of the Revenue is dismissed

292C of the Act is rebuttable when the assessee\nproved that he has not done any such transactions even in respect of\nsuch transaction as were contained in the loose paper which were\nfound during the course of search. This was held by the Hon'ble Delhi\nHigh Court in case of PCIT Vs. Delco India (P.) Itd. reported

BALMUKUND SPONGE & IRON PVT. LTD.,,PATNA vs. DCIT, CENTRAL CIRCLE 4(3),, KOLKATA

The appeal of the Revenue is dismissed

292C of the Act is rebuttable when the assessee\nproved that he has not done any such transactions even in respect of\nsuch transaction as were contained in the loose paper which were\nfound during the course of search. This was held by the Hon'ble Delhi\nHigh Court in case of PCIT Vs. Delco India (P.) Itd. reported

BALMUKUND SPONGE & IRON PVT. LTD.,,PATNA vs. DCIT, CENTRAL CIRCLE 4(3),, KOLKATA

The appeal of the Revenue is dismissed

292C of the Act is rebuttable when the assessee\nproved that he has not done any such transactions even in respect of\nsuch transaction as were contained in the loose paper which were\nfound during the course of search. This was held by the Hon'ble Delhi\nHigh Court in case of PCIT Vs. Delco India (P.) Itd. reported

BALMUKUND SPONGE & IRON PVT. LTD.,,PATNA vs. DCIT, CENTRAL CIRCLE 4(3),, KOLKATA

The appeal of the Revenue is dismissed

292C of the Act is rebuttable when the assessee\nproved that he has not done any such transactions even in respect of\nsuch transaction as were contained in the loose paper which were\nfound during the course of search. This was held by the Hon'ble Delhi\nHigh Court in case of PCIT Vs. Delco India (P.) Itd. reported

BALMUKUND SPONGE & IRON PVT. LTD.,,PATNA vs. DCIT, CENTRAL CIRCLE 4(3),, KOLKATA

The appeal of the Revenue is dismissed

292C of the Act is rebuttable when the assessee\nproved that he has not done any such transactions even in respect of\nsuch transaction as were contained in the loose paper which were\nfound during the course of search. This was held by the Hon'ble Delhi\nHigh Court in case of PCIT Vs. Delco India (P.) Itd. reported

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. BALMUKUND SPONGE AND IRON PRIVATE LIMITED, PATNA

The appeal of the Revenue is dismissed

292C of the Act is rebuttable when the assessee\nproved that he has not done any such transactions even in respect of\nsuch transaction as were contained in the loose paper which were\nfound during the course of search. This was held by the Hon'ble Delhi\nHigh Court in case of PCIT Vs. Delco India (P.) Itd. reported

ITO, WARD - 12(3), KOLKATA, KOLKATA vs. M/S. HARSHWARDHAN GEMS P. LTD., KOLKATA

In the result, both the appeals of revenue and that of assessee are dismissed

Bench: Shri Mahavir Singh, Jm & Shri M. Balaganesh, Am]

68 the assessment was made on this sum. The ITAT noted that the assessed was a Public Limited Company which had received subscriptions to the public issue through banking channels and the shares were allotted in consonance with the provisions of the Securities Contract Regulation Act, 1956 as also the Rules & Regulations of the Delhi Stock Exchange. Complete details appear

HARSHWARDHAN GEMS PVT. LTD.,KOLKATA vs. ITO, WARD - 12(3), KOLKATA, KOLKATA

In the result, both the appeals of revenue and that of assessee are dismissed

Bench: Shri Mahavir Singh, Jm & Shri M. Balaganesh, Am]

68 the assessment was made on this sum. The ITAT noted that the assessed was a Public Limited Company which had received subscriptions to the public issue through banking channels and the shares were allotted in consonance with the provisions of the Securities Contract Regulation Act, 1956 as also the Rules & Regulations of the Delhi Stock Exchange. Complete details appear